fbpx

Technology News

Home » Technology News

Zcash’s Halo Breakthrough Is a Big Deal – Not Just For Cryptocurrencies

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. An underappreciated, sideline payoff from cryptocurrency R&D is that it also generates advances within the sector’s component technologies. The most important are occurring within the field from which the term “cryptocurrency” derives. Cryptography – essentially, the …

Zcash’s Halo Breakthrough Is a Big Deal – Not Just For Cryptocurrencies Read More »

NBA’s Sacramento Kings to Reward Loyal Fans With Crypto Tokens

The NBA’s Sacramento Kings are the first U.S. professional sports team to develop a crypto token for fan rewards. “Fans can get those points and put them in their wallets and experience it all on the blockchain platform,” Kings CTO Ryan Montoya told CoinDesk. Further, Montoya said the token, called Kings Token, will pair with a predictive gaming platform the team has developed in anticipation of the legalization of sports betting in California (the U.S. …

NBA’s Sacramento Kings to Reward Loyal Fans With Crypto Tokens Read More »

What Google’s ‘Quantum Supremacy’ Means for the Future of Cryptocurrency

Just like that, the promise of quantum computers overtaking traditional computers is one step closer to reality. According to a recent report by the Financial Times, tech giant Google claims to have achieved “quantum supremacy,” meaning it has built a quantum computer able to solve formerly impossible mathematical calculations. If proven true, this marks a major milestone in the development of quantum computers and possibly, the demise of blockchain technology as we know it today. …

What Google’s ‘Quantum Supremacy’ Means for the Future of Cryptocurrency Read More »

Ripple’s Xpring Looks to Build XRP DeFi Products With New Acquisition

Ripple has made its first move towards building decentralized finance (DeFi) products based on XRP. With its acquisition of decentralized payments platform Logos Network, Ripple’s investment arm, Xpring, will add nine New York-based engineers. Logos founder and CEO Michael Zochowski will become Xpring’s “Head of DeFi Products.” Xpring did not disclose the price of the deal. Before joining Xpring, Logos was working to build a payments network inspired by the bitcoin blockchain, with a focus …

Ripple’s Xpring Looks to Build XRP DeFi Products With New Acquisition Read More »

Swiss Stock Exchange SIX Launches Digital Assets Exchange Prototype

Swiss stock exchange SIX has launched a pilot version of its exchange and central securities depository (CSD) for digital assets. The prototype platform, launched under its digital assets subsidiary SIX Digital Exchange (SDX), is expected to see more functionality added as it approaches a full launch slated for Q4 2020, according to an announcement emailed to CoinDesk on Monday. The platform as it stands is aimed to “showcase the future of financial markets,” and as well as …

Swiss Stock Exchange SIX Launches Digital Assets Exchange Prototype Read More »

The Specs Behind Bitcoin’s Lightning Pass Their First ‘Formal’ Security Test

A pair of researchers have released the results of a formal verification of bitcoin’s lightning network. Lightning is new(ish), experimental, and bugs that could lead to loss of user funds are still being discovered. But even so, the paper – released last month by researchers Aggelos Kiayias and Orfeas Litos from The University of Edinburgh. Kiayias is also the chief scientist for blockchain firm IOHK – brought a dose of good news on the underlying security of …

The Specs Behind Bitcoin’s Lightning Pass Their First ‘Formal’ Security Test Read More »

Verizon Just Won a Patent to Create Virtual SIMs on a Blockchain

Telecommunications conglomerate Verizon is eyeing the use of blockchain technology to underpin the dynamic creation of virtual SIM cards. The company was granted a patent with the U.S. Patent and Trademark Office for the concept on Sept. 10, in which it sets out how it the invention could do away with pre-inserted, branded physical SIM cards. The patent describes how a physical SIM card can be replaced by a software equivalent – a virtual SIM (vSIM) – …

Verizon Just Won a Patent to Create Virtual SIMs on a Blockchain Read More »

Hedera Hashgraph, Touted as High-Speed Blockchain Alternative, Goes Live

Hedera Hashgraph has launched its long-awaited public network, backed by some of the world’s largest corporations and promising faster transactions and greater capacity to scale than any blockchain to date. Since December 2018, the network had been available in a testing environment to a small group of corporations and developers. As of 00:00 UTC Tuesday, anyone can open an account or build a decentralized app (dapp) on the hashgraph, which is similar to a blockchain …

Hedera Hashgraph, Touted as High-Speed Blockchain Alternative, Goes Live Read More »

Ethereum Co-Founder Joe Lubin Joins Hyperledger Board

Joseph Lubin, co-founder of ethereum, is to join the governing board of the Linux Foundation-led blockchain consortium Hyperledger. The move comes as ConsenSys, the ethereum development startup founded by Lubin, becomes the latest Hyperledger premier member, ConsenSys announced on Wednesday. ConsenSys said it will work as part of the group to explore interoperability between blockchains, as well as to promote standards to support “enterprise-grade blockchain environments.” ConsenSys’ PegaSys protocol engineering group recently submitted its ethereum …

Ethereum Co-Founder Joe Lubin Joins Hyperledger Board Read More »

K-Pop Music Giant SM Entertainment Is Planning Its Own Cryptocurrency

SM Entertainment, one of Korea’s top-three pop talent agencies, is planning to build its own blockchain network with a native cryptocurrency as it battles a shareholder revolt and a falling stock price. Joo Sang-sik, director of the company’s technology arm, CT-AI Labs, made the announcement at the Upbit Developer Conference in Incheon on Sept. 4, according to a report from local media outlet IT Chosun. Joo said the company is aiming to develop a blockchain network …

K-Pop Music Giant SM Entertainment Is Planning Its Own Cryptocurrency Read More »

Scroll to Top